[HankReardon]

Same here, during years of prosperity local and stae gov. took in more money then they needed, they used this money to expand the government. When the economy slow down, the revenues stream decreased and they could no longer support the larger government. they could use the lower revenues against the projected gov spending of the prosperous years to make the case to raise taxes. The ideal time for tax cuts is when the governments begin to have a surplus! We may prevent a recession like this, but we have career people in government who think they are successful when the government takes in more money and spends it to increase their business, the government.

[XBob]

60 - excellent point - "The ideal time for tax cuts is when the governments begin to have a surplus! We may prevent a recession like this, but we have career people in government who think they are successful when the government takes in more money and spends it to increase their business, the government."

Here in Texas we are now suffering through exactly such a problem - government failure to do that.